Client Spotlight:
Industry: Luxury Marine Retail
Services Provided: Bookkeeping, VAT
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About Ventura Yachts
Ventura is an esteemed name in the luxury marine industry, specialising in the sale and brokerage of high-end Ferretti Group motor yachts. Based in Mayfair with a discerning client base and an international reach, their financial operations require the utmost accuracy and attention.
The Challenge
Managing the finances of a luxury marine business is no small feat. Mike Newton-Woof initially got in touch with a desire to have a bookkeeping-free Christmas, something we achieved for them with aplomb. Ventura needed:
- Accurate, real-time bookkeeping to track high-value transactions.
- Reliable VAT compliance for international yacht sales.
- A bookkeeper that could understand their industry and provide tailored financial support.
Mike was finding the bookkeeping very time-consuming, and therefore increasingly difficult to juggle the day-to-day business activities alongside the bookkeeping. Mike also spent most of his Christmas’s on Ventura’s bookkeeping so he needed a bookkeeper who could attend his London Mayfair office twice a month using their Sage 50 desktop software so he could enjoy Christmases again, and that is where Paul and Cain & Co stepped in.
Our Solution
Cain & Co took over to provide a bespoke bookkeeping service to support Ventura’s operations:
- Complete on-site bookkeeping twice monthly using Sage 50 Accounts software for up-to-date financial data.
- Quarterly VAT returns for UK and EU transactions, ensuring full HMRC compliance.
- Maintain orderly records of financial transactions across multiple corporate entities and their associated bank accounts.
- Monthly balance sheet reconciliations including sales and purchase ledgers, data entry, invoicing, and financial reporting.
The Results
Ventura were delighted with the results and wanted to embark on a long-term relationship with Cain & Co; since working together, the luxury dealership has seen:
- Improved cash flow visibility for financial planning.
- VAT compliance resulting in peace of mind.
- Free time to focus on clients, yacht sales and business growth without the worry of the bookkeeping.
- Reliable, proactive financial support from a team that understands their business.
In Our Client’s Words:
Cain & Co have been our company Bookkeepers since the start of March 2024. Paul and his team have demonstrated exemplary care and attention to the preparation and entry of our primary bookkeeping data. Wholly recommended.
Mike Newton-Woof – Ventura UK Limited
Could We Help Your Business Too?
If you’re in a niche industry and need a bookkeeping partner who understands your sector, contact us today to see how we can lighten your financial workload.
Further Reading
For more information about Ventura Yachts, visit their website:
Recommended and trustworthy bookkeepers
Formed in 2013 between associations Paul Cain and Ellie Beer, the team has grown along with our reputation, and we are proud to be recognised as the number one most recommended bookkeeper in the UK, on FreeIndex.
Try us for 3 months, risk free
Give us 3 months to prove why we’re ranked number 1 in the UK or PAY US NOTHING
There are many accountants and bookkeepers out there, so we thought we’d come up with an unbeatable offer to help you make an easy choice…
Our 7 point guarantee
You won’t need to spend hours trying to find old invoices at year end.
We will be there for you 24/7 including holidays
We promise to answer ALL your questions within 12 hours (although 90% are handled within an hour).
You will have your accounts explained to you in jargon free language, during your 12 monthly 1-2-1 reviews.
Being proactive we will identify potential issues before you do.
As long as you get your information back to us as requested, we guarantee you will NOT get fined from HMRC, for late filed returns or we will cover your costs.
All our fees are crystal clear. If you can find a lower cost alternative on a like for like service, we will match the price.
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How can Cain & Co
help you?
Bookkeeping and account management
By accurately recording your business’s ledger, up-to-date and efficient bookkeeping can transform the day-to-day running of your company. We can work remotely or can undertake your bookkeeping on site – this is another benefit of being local.
VAT returns
One of the most complex parts of financial management, missing or incorrectly filed VAT returns can result in penalties. A pressure point for many companies, let Cain & Co take the stress out of formalising and submitting your VAT return.
Invoicing, reconciliation and credit control
For businesses cashflow management is key, invoicing promptly and being paid on time is invaluable as is ensuring that your company’s financial data is accurate – enabling you to make business decisions based on facts, not belief.
Payroll and auto enrolment
If your business has employees, one or many, Cain & Co can manage your payroll including issuing pay slips and employers National Insurance submissions to HMRC. Within our service we can arrange the set up of pension schemes for your staff.
Supporting your business
In addition to taking on your company’s financial management or bookkeeping services, Cain & Co also offers a range of services to help you take care of your own accounts. Our bookkeeping workshops are intimate and (we like to think) fun! You will leave the workshop with a clearer understanding of the records you are legally required to keep, where you can claim business expenses and how to maintain straightforward bookkeeping spreadsheets. You will also be given a range of templates to get started with.
Cain & Co can also set you up online accounting software such as Xero or Quickbooks and offer you tutorials in how to use these to benefit your business.
The best choice
for bookkeeping services
When you engage in Cain & Co’s bookkeeping services you can rest assured that you are receiving a premium service. Our team are all members of professional financial institutions including the Institute of Certified Bookkeepers, the International Association of Bookkeepers, the Institute of Credit Management and the International Association of Accounting Professionals.
For help with your bookkeeping or year-end accounts; getting in touch with Cain & Co is easy simply call us on 020 8087 1341, email paul@cainandbeer.co.uk or click the following link to book you FREE no obligation telephone consultation:
